- ISIN
- US31617L4674
- Issuer
- BlackRock
- Inception Date
- Aug 16, 2019
- Category
- Target Retirement Date
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FMRDX Performance Chart
Fidelity Advisor Managed Retirement 2030 Fund Class I (FMRDX) is up 7.2% since the beginning of the year. FMRDX is currently trading at $13 per share. Investors who bought $1,000 worth of FMRDX shares 5 years ago would now be looking at an investment worth $1,274.
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Returns By Period
Fidelity Advisor Managed Retirement 2030 Fund Class I (FMRDX) has returned 7.23% so far this year and 17.22% over the past 12 months.
Fidelity Advisor Managed Retirement 2030 Fund Class I
- 1D
- 0.30%
- 1M
- 2.85%
- YTD
- 7.23%
- 6M
- 7.77%
- 1Y
- 17.22%
- 3Y*
- 11.65%
- 5Y*
- 4.96%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FMRDX Monthly Returns History
Based on dividend-adjusted daily data since Aug 28, 2019, FMRDX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +7.6%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FMRDX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +4.1%, while the worst single day was Mar 12, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.00% | 2.02% | -3.99% | 4.76% | 1.99% | 0.45% | 7.23% | ||||||
| 2025 | 2.05% | 0.96% | -1.49% | 0.44% | 2.36% | 2.94% | 0.25% | 1.79% | 2.24% | 1.22% | 0.23% | 0.50% | 14.26% |
| 2024 | -0.19% | 1.45% | 2.11% | -2.80% | 2.84% | 1.08% | 2.02% | 1.63% | 1.76% | -2.43% | 2.09% | -2.47% | 7.09% |
| 2023 | 5.62% | -2.86% | 2.64% | 0.78% | -1.13% | 2.42% | 1.63% | -1.98% | -3.25% | -2.34% | 6.44% | 4.58% | 12.60% |
| 2022 | -3.13% | -2.04% | -0.69% | -5.65% | 0.22% | -5.44% | 4.65% | -3.22% | -7.21% | 2.14% | 6.32% | -2.63% | -16.25% |
| 2021 | -0.09% | 1.20% | 0.76% | 2.62% | 1.16% | 0.89% | 0.50% | 1.21% | -2.32% | 2.63% | -1.51% | 1.61% | 8.89% |
Benchmark Metrics
Fidelity Advisor Managed Retirement 2030 Fund Class I has an annualized alpha of 0.51%, beta of 0.45, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since August 29, 2019.
- This fund participated in 65.85% of S&P 500 Index downside but only 50.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.51%
- Beta
- 0.45
- R²
- 0.81
- Upside Capture
- 50.31%
- Downside Capture
- 65.85%
Expense Ratio
FMRDX has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMRDX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2030 Fund Class I (FMRDX) and compare them to S&P 500 Index.
| FMRDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.41 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.93 | +0.13 |
| Martin ratioReturn relative to average drawdown | 13.32 | 13.52 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Advisor Managed Retirement 2030 Fund Class I provided a 2.46% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.31 | $0.28 | $0.26 | $0.39 | $0.58 | $0.35 | $0.16 |
Dividend yield | 2.46% | 2.50% | 2.49% | 2.38% | 4.02% | 4.73% | 2.98% | 1.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Managed Retirement 2030 Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.17 | $0.31 |
| 2024 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.02 | $0.15 | $0.28 |
| 2023 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.16 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.09 | $0.09 | $0.01 | $0.18 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.11 | $0.00 | $0.37 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Managed Retirement 2030 Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Managed Retirement 2030 Fund Class I was 22.50%, occurring on Oct 14, 2022. Recovery took 462 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.50%Oct 2022 | 11mo 8d | 1y 10mo | 2y 9moNov 2021 - Aug 2024 |
COVID crash2020 | -20.00%Mar 2020 | 1mo 2d | 4mo | 5mo 2dFeb 2020 - Jul 2020 |
2025 selloff2025 | -7.55%Apr 2025 | 4mo | 1mo 5d | 5mo 5dDec 2024 - May 2025 |
2026 pullback2026 | -5.68%Mar 2026 | 29d | 21d | 1mo 20dFeb 2026 - Apr 2026 |
2020 pullback2020 | -3.95%Sep 2020 | 20d | 19d | 1mo 9dSep 2020 - Oct 2020 |
Drawdown Indicators
| FMRDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.50% | -56.78% | +34.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -9.10% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -7.76% | -18.90% | +11.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.50% | -25.43% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.72% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.97% | -0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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